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11:30 AM ET, November 30, 2022

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
Chris Licht tells CNN staff that layoffs are underway as part of a strategy shift, starting with “a limited number of individuals”, mostly paid contributors  —  “It will be a difficult time for everyone,” CNN EO Chris Licht told staff in an email Wednesday.
Alex Weprin / The Hollywood Reporter:
Filing: Disney now owns 100% of streaming tech company BAMTech after paying $900M for MLB's 15% stake in November 2022; Disney acquired a majority stake in 2017  —  Disney acquired a majority stake in the tech company in 2017, and has used it to power its streaming services.
Lydia Polgreen / New York Times:
People can help protect democracy by supporting their local news outlets, rather than spending time on platforms and TV networks that deepen partisan divides  —  Like a lot of folks, I have been thinking quite a bit lately about how to shore up our democracy.  We voted in November, and that seems to have gone pretty well.
Natasha Lomas / TechCrunch:
Around 130,000 UK publishing businesses, covering ~1.75M websites and apps, sue Google and Alphabet for alleged anti-competitive behavior in adtech  —  Litigation against Google and its parent entity Alphabet being brought in the UK on behalf of thousands of digital publishers …
Discussion: Press Gazette, Bloomberg and Reuters
Platformer:
Internal messages: Twitter's EMEA ad revenue dropped 15% YoY and weekly bookings are down 49%; source: Blue is delayed as Twitter seeks to skirt App Store fees  —  Revenues are in free fall, employees say.  Can Musk turn the tide?  —  and Zoë Schiffer
Ariel Shapiro / The Verge:
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters  —  Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
Dominic Ponsford / Press Gazette:
Future reports FY 2022 revenue up 36% YoY to £825M and pre-tax profit up 58% to £170M; total audience grew to 506M, up from 432M YoY, with online users up 3%  —  Future's share price took a dip on Wednesday morning despite it announcing record revenue and profit growth in its results for the year to 30 September 2022.
Discussion: Future
Wall Street Journal:
AMC Networks plans to lay off 20% of its staff, or around 200 people, and CEO Christina Spade steps down abruptly, after joining in September 2022  —  Company has been under pressure from cord-cutting as Americans turn to streaming services  —  AMC Networks Inc. said it is planning to lay off …
 
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 More News: 
The Intercept:
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk
 Earlier Picks: 
Mark Kennedy / Associated Press:
Apple's 2022 listener data shows the rise of non-English-language songs: 21 non-English songs were in the global Top 100, more than double the number in 2021
Semafor:
Sources: CoinDesk, which has ~$50M in annual revenue, attracts takeover interest from PE firms, rivals, and others; a party offered $300M which was deemed low
Laura Hazard Owen / Nieman Lab:
A look at Post.News, a Twitter alternative with an emphasis on moderation and a plan to let users access news from multiple publishers using micropayments
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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